Recommended Momentum ‘How’ and ‘Why’: KBR, Inc. (NYSE:KBR), QUALCOMM Incorporated (NASDAQ:QCOM)

KBR, Inc. (NYSE:KBR) [Trend Analysis] retains strong position in active trade, as shares scoring -3.41% to $15.60 in active trade session, while looking at the shares volume, around 5.26 Million shares have changed hands in this session. KBR, Inc. (KBR) reported that its fourth quarter and fiscal 2016 financial results. Consolidated revenue in the fourth quarter of 2016 was $1.2 billion compared to $1.1 billion in the fourth quarter of 2015.

Net loss attributable to KBR was $87 million or $(0.61) per diluted share and $(0.59) per diluted share on an adjusted basis excluding U.S. Government legacy legal fees of $3 million. This compares to net income of $42 million or $0.29 per diluted share and $0.33 per diluted share on an adjusted basis excluding $5 million in U.S. Government legacy legal fees in the fourth quarter of 2015. The firm has institutional ownership of 98.60%, while insider ownership included 0.30%. KBR attains analyst recommendation of 2.20 with week’s performance of -9.46%. Investors looking further ahead will note that the Price to next year’s EPS is 6.67%.

QUALCOMM Incorporated (NASDAQ:QCOM) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 0.14% to 57.22 with around 10.61 Million shares have changed hands in this session. Pomerantz LLP reported that a class action lawsuit has been filed against Qualcomm Incorporated (QCOM) and certain of its officers. The class action, filed in United States District Court, Southern District of California, is on behalf of a class consisting of investors who purchased or otherwise acquired Qualcomm securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Qualcomm engaged in anticompetitive conduct to maintain a monopoly for semiconductors used in mobile phones in violation of federal law; (ii) in turn, Qualcomm lacked effective internal controls over financial reporting; and (iii) as a result, Qualcomm’s public statements were materially false and misleading at all relevant times. The stock is going forward its fifty-two week low with 19.18% and lagging behind from its 52-week high price with -19.48%.

Similar, the positive performance for the quarter recorded as -15.58% and for the year was 14.77%, while the YTD performance remained at -12.24%. QCOM has Average True Range for 14 days of 1.25.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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